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Two friends L and M had been the account holders on a joint account with First Caribbean International Bank (“FCIB”) until L's death in 2010. The question before the court was whether, on L’s death, the beneficial interest in the account had passed to M by survivorship or whether it formed part of L’s estate by reason of resulting trust (as he had provided all the money in the account).
Judgment, published: 09/03/2018
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See also
- In a tweet: Beneficial ownership of money held in a joint bank account – account opening documents equivalent to a TR1 Case note, 09/03/2018, members only
Published: 09/03/2018
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